SmarTrend(R) News Watch: AIG Falls on Added CDS Risk Factor
Tue. June 30, 2009; Posted: 12:27 PM
Jun 30, 2009 (SmarTrend(R) News Watch via COMTEX) --
AIG |
Quote |
Chart |
News |
PowerRating -- Shares of American International Group (NYSE:AIG) fell more than 10% during Tuesday trading after the company revised a 2008 annual report, adding a new risk factor, according to a Reuters report. The company now expects that it may recognize losses on a credit default swap portfolio held by the troubled AIG Financial Products unit with a notational value of $192.6 billion as of March 31, 2009. The company said that the fair value of derivative liability for CDS transactions was $393 million at March 31, 2009.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
For full details on American Internat Group (AIG)
click here. American Internat Group (AIG) has Short Term PowerRatings of 5. Details on American Internat Group (AIG) Short Term PowerRatings is available at
This Link.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index